has ambitious goals for its successor to the mighty : Rumored to be called the F70, this mid-engine supercar will have to do nothing less than substantially outperform the Enzo, while being considerably more efficient to comply with ever-tougher emissions standards. As such, it will have to do more with less. Less weight, less cylinders...but one thing will be more: the price. It's said that when the F70 goes on sale in 2012, it could very well cost over $1 million.

Using knowledge gleaned from its Formula 1 race machines, the -based track car, the FXX Mille-Chili lightweight concept, the and the road machine, Ferrari has much at its disposal. The Mille-Chili from 2007 gave a clear indication of Ferrari's new path to achieving ultimate performance: a much lighter vehicle through greater use of exotic materials such as carbon fiber. Incidentally, "mille chili" refers to 1000 kilograms (about 2200 lb.), the target weight for the F70.

Unlike the naturally aspirated V-12-powered Enzo and the F50 before that, the latest word is that the F70 will switch back to a twin-turbo V-8 as seen in the F40. Only the F70's direct-injected engine will use the very latest technologies to eliminate turbo lag, achieve 670–700 bhp yet return excellent (for a Ferrari) fuel mileage and low emissions (a hybrid powertrain is unlikely for the F70, due to the system's inherent added weight). The F70 should reach 60 mph in less than 3 seconds. The target top speed of over 230 mph is reached with an array of drag-reducing active aerodynamic features.